From the following data, plot the supply and the demand curves and determine the equilibrium price and quantity. Price (per scoop) Qd = Qs CHAPTER TEST 30 25 20 15 10 5 = Quantity Demanded 552458 15 20 20 30 75 100 entify for each price, whether surplus or shortage is derived. rom the following supply and demand functions, determine th uilibrium price and quantity. 1800-5P = - 400 + 5P Section: Date: appose that the demand function for a commodity is given by Qd 00 - 100P. Derive the market demand schedule for this commodity using th various prices below. Indicate your answer on the correspondin space provided on the table. 10 20 Quantity Supplied Price Qd Draw the demand curve for this commodity. ppose that the supply function for a commodity is given by: 300 + 300P Qs 60 50 20 15 10 40 40 50 Derive the market supply schedule for this commodity using th prices on problem number 3. Price 10 30 Qs ppose that the demand function in example number 3 remain stant while Qs changes to Qs = 1000 + 100P. Derive the new market supply schedule. 60 50 70 60 70 On the same graph, draw the demand curve, the original suppl Curve (given in problem 4), and the new supply curve and determine the equilibrium point.​